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The number of customer requests for car rentals recorded on each day at a Philly Cars rental location is as follows:
Day Number of Car Rental Requests
Monday 20
Tuesday 30
Wednesday 30
Thursday 40
Friday 60
Question 1: Start with Wednesday forecast using two-day moving averages MA(2). Using the errors between forecasted and actual values for Wednesday through Friday, calculate MAPE.
Choose the closest answer from the variants below.
A. 21.3%
B. 9.3%
C. 43.6%
D. 15.8%
E. 38.1%
F. 27.8%
Describes the line of credit? A line of credit is an agreement between a bank and a firm that will allow a firm to cover cash shortages.
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